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The Netherlands has the most competitive economy in Europe

The Netherlands has the most competitive economy in Europe
October 2019
  | Location:
The Netherlands

According to the 2019 ranking of the Global Competitiveness Index prepared by the World Economic Forum (WEF), The Netherlands has the most competitive economy in Europe for the first time, overtaking Germany and Switzerland.

“The innovation ecosystem is extremely conducive, thanks to a highly skilled workforce (84.6, 4th), vibrant business dynamism (80.6, 2nd,just behind the United States) and advanced innovation capability (76.9, 10th)”,WEF said in their study, which consists in 141 countries.

According to Invest in Holland website “The Netherlands has been consistently in the top ten of the most competitive economies in the world since 2005. In 2016 and 2017, the Netherlands occupied fourth place globally and was the most competitive economy in the European Union. Last year, the Netherlands dropped to sixth place. This year the Netherlands is back in fourth place globally”.

The Netherlands State Secretary for Economic Affairs and Climate Policy, Mona Keijzer , said: “The WEF report states that ‘the Dutch economy has become much more dynamic’ and that ‘our infrastructure, the functioning of the government including economic policy and the increased growth of innovative companies’ are world class”.

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